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Household Credit

About Household Credit Indicators

Changes in household credit reflect new credit extended to households. Two thirds of credit outstanding to households is for residential mortgages.

Overview of Total Household Credit

The table below provides an overview of changes in household credit over the past 12 months. The total dollar amount outstanding is noted, and broken down into components, as is the percentage distribution. The 12-month changes are given in dollar terms (again, broken down by component), and as a percentage of the total amount outstanding. Annualized 3-month and 1-month changes are also provided to give a sense of recent trends in household credit.

March 2010

C$ Billions Outstanding

% Distribution

12-month Dollar Change (C$ Billion)

12-month % Change

3-month % Change (annualized)

1-month % Change (annualized)

Total household credit

1423

100

105.3

8.0

8.4

6.3

Consumer Credit (1)

452

31.8

37.7

9.1

7.9

4.0

Chartered Banks

342

24.0

42.7

14.3

11.3

2.9

Non-Banks* (2)

66

4.6

3.0

4.7

2.4

2.9

Loans securitized by banks and non-banks*

44

3.1

-8.0

-15.3

-14.1

-5.8

Residential Mortgage Credit

971

68.2

67.6

7.5

8.7

7.5

Chartered Banks*

473

33.2

38.0

8.7

6.2

1.8

Non-Banks*

192

13.5

7.3

3.9

1.8

1.1

Loans securitized by banks and non-banks:

NHA MBS program*

293

20.6

27.5

10.3

1.3

5.6

Other securitization products*

14

1.0

-5.1

-27.2

-25.7

-39.2

Notes: Data on this table are seasonally adjusted unless otherwise stated. * – Not seasonally adjusted except for the last two columns.